Additional Heating Assistance Aid Available to Residents in South Carolina This Winter - Duke Energy

News Release
November 28, 2005

Additional Heating Assistance Aid Available to Residents in South Carolina This Winter

CHARLOTTE, N.C. – Duke Power, through funding of AdvanceSC, and contribution from its customers and the Duke Energy Foundation, expects to contribute approximately $700,000 to those in need in South Carolina through the Share the Warmth program this heating season.

Although Duke Power residential customers’ electricity costs have only increased an average of 1 percent this year, the company recognizes the extraordinary circumstances created by rising energy prices and is working aggressively to help meet the anticipated need.

AdvanceSC, funded with profits from Duke Power’s Bulk Power Marketing program (BPM) and managed by an independent board of directors, is in its second season of public assistance funding. It allocated $425,000 to Share the Warmth, a $150,000 increase over last year. The additional contribution is the result of a special AdvanceSC board authorized grant, approved this month, in anticipation of higher winter energy costs.

Important support for Share the Warmth also comes from Duke Power customers. Each November, Duke Power customers receive a bill insert in the mail with information on how to contribute to Share the Warmth through a tax deductible donation. The Duke Energy Foundation matches individual donation up to $50 per customer totaling $500,000 for the heating season. The funds are distributed throughout Duke Power’s North Carolina and South Carolina service area and customers can even designate the specific county where they’d like their contribution to go. Donations may be mailed to:

Share the Warmth
The Duke Energy Foundation
PO Box 35469
Charlotte, NC 28254-3429

Approximately 30 community agencies in South Carolina will distribute Share the Warmth funds to clients who’ve demonstrated need and met certain eligibility requirements. Last year alone, more than 4,000 families and individuals in South Carolina received emergency heating assistance through the program. 

Duke Power met with public assistance agencies throughout its service area to help ensure those community-based organizations are aware of special programs and resources available to their clients. The company is increasing promotion of the Share the Warmth program, providing energy saving tips to customers and offering an online energy audit to help consumers learn how to save energy in their homes or apartments.

AdvanceSC is a limited liability company that supports education, economic growth, existing manufacturing and public assistance agencies in Duke Power's South Carolina service area. Established by Duke Power in 2004 and funded with profits from Duke Power’s Bulk Power Marketing (BPM) program, AdvanceSC is managed by a board of directors independent of Duke Power. The fund administrator is Wachovia Charitable Services, Greenville, S.C. To learn more about AdvanceSC and its grant-making process, visit its Web site: http://www.advancesc.org.

Duke Power, a business unit of Duke Energy, is one of the nation’s largest electric utilities and provides safe, reliable, competitively priced electricity and value-added products and services to more than 2 million customers in North Carolina and South Carolina. The company operates three nuclear generating stations, eight coal-fired stations, 31 hydroelectric stations and numerous combustion turbine units. Total system generating capability is approximately 19,900 megawatts. More information about Duke Power is available on the Internet at: http://www.dukepower.com.

Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, and an affiliated real estate company. Duke Energy supplies, delivers and processes energy for customers in the Americas. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: http://www.duke-energy.com.

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